If the MAG7 stocks are getting ready to decouple, which names could be a best bet for 2026. With us now is James Chuckmuk, portfolio manager at Clockwise Capital. James, it's great to talk to you.So, Mack did a great job there of sort of laying out why we're going to see this big gap widen. Which of these companies do you think is still set to take on the debt and still demonstrate to investors that there was a reason to get in. Yeah, I mean we own pretty much all of the Max 7 and and then some.Um but at th ...

Key Points Micron Technology is a key player in the computer memory space. Demand for memory is on the rise, and artificial intelligence (AI) hardware needs are creating a shortage. Micron is highly undervalued despite its 57% revenue growth and 167% EPS growth. 10 stocks we like better than Micron Technology › It's no secret that the stock market is overvalued. The S&P 500's (SNPINDEX: ^GSPC) current price-to-earnings (P/E) ratio is sitting at just over 30, which is nearly double the index's ave ...

Core Insights - The China Council for the Promotion of International Trade (CCPIT) held a press conference on December 29, introducing its new spokesperson, Wang Wenshuai, who emphasized the importance of timely and accurate information dissemination to tell the story of China's business community in the new era [1] Group 1: Global Trade Friction Index - In October, the global trade friction index was reported at 104, indicating a high level of trade tensions [3] - The monetary value of global trade friction measures decreased by 7.3% year-on-year and 1.2% month-on-month [3] - Among 20 monitored countries, the United States and India had the highest trade friction indices, with the U.S. leading for 16 consecutive months in terms of the monetary value of trade friction measures [3] Group 2: Industry-Specific Trade Friction - The trade friction measures were concentrated in the electronics, pharmaceuticals, machinery, and light industry sectors, with the electronics sector having the highest trade friction index [3] - A total of 25 import and export tariff measures were reported across the 20 countries, along with 28 trade remedy investigations and 109 notifications to the WTO regarding technical barriers to trade (TBT) and sanitary and phytosanitary measures (SPS) [3] Group 3: China-U.S. Trade Relations - The trade friction index concerning China from 19 countries was recorded at 102, with the U.S. having the highest index, particularly in the lithium battery, semiconductor, and telecommunications equipment industries [4] - The monetary value of trade friction measures involving China decreased by 33.2% year-on-year and 7% month-on-month [4] Group 4: China-U.S. Business Engagement - The CCPIT organized a successful visit for Chinese entrepreneurs to the U.S., facilitating over 20 business matching activities with more than 170 U.S. companies, including Apple, HP, and Micron [6] - Both Chinese and U.S. business communities expressed a commitment to enhancing trade relations, viewing economic cooperation as a stabilizing factor in bilateral relations [6] - The CCPIT plans to invite U.S. enterprises to participate in APEC "China Year" activities and the fourth Chain Expo in 2026, aiming to strengthen bilateral trade and investment [6]

Core Viewpoint - The business community in China and the U.S. aims to make economic and trade relations a stabilizing force in bilateral relations rather than a hindrance [1] Group 1: Economic and Trade Relations - The China Council for the Promotion of International Trade (CCPIT) organized a visit for Chinese enterprises to the U.S., emphasizing the importance of implementing the consensus reached by the leaders of both countries [1] - During the visit, over 20 business matching activities were held, involving 25 key Chinese enterprises engaging in discussions with more than 170 U.S. companies and organizations, including Apple, HP, and Micron [1] - The CCPIT noted that despite the winter season, the exchanges between the two countries' business communities were warm, reflecting a strong foundation for cooperation and mutual benefits [1] Group 2: Participation in Trade Events - At the third Chain Expo, the number of U.S. exhibitors increased by 15% compared to the previous edition, maintaining the highest number of foreign exhibitors [1] - U.S. companies showed strong enthusiasm for participating in the event, indicating a positive trend in bilateral trade engagement [1]

Core Viewpoint - The article emphasizes the importance of unique insights and knowledge in stock analysis, aiming to provide contrasting views on investment portfolios [1]. Group 1 - The analyst expresses a beneficial long position in shares of NVDA, AVGO, GOOG, AMZN, and META through various financial instruments [2]. - The article is written solely by the analyst, reflecting personal opinions without external compensation [2]. - There is no business relationship with any of the companies mentioned in the article [2]. Group 2 - The analysis is intended for informational purposes and should not be considered as professional investment advice [3]. - Investors are encouraged to conduct personal in-depth research and due diligence due to the inherent risks associated with trading [3]. - Past performance is not indicative of future results, and no specific investment recommendations are provided [4].

Core Insights - Micron's stock has reached an all-time high and has increased over 230% in 2025, driven by a super cycle in the AI memory market [1] - The company is gaining market share in high bandwidth memory chips, particularly against competitors SK Hynix and Samsung [1] Stock Performance - Micron has significantly outperformed the SMH Semiconductor ETF, indicating strong market performance [2] - The stock has broken previous highs, with a new supportive area identified around 265 [3][4] Technical Analysis - Current moving averages suggest a bullish trend, with a potential breakout above the 70 RSI threshold [4][5] - Key volume areas are identified near 260 and 230, indicating potential support levels [6] Options Strategy - An expected move for February 20th is approximately 18.7%, with a notable supportive area between 245 and 240 [7] - A proposed options trade involves a 250/240 put vertical, offering a 3:1 risk-reward ratio with a maximum loss of 750 [8][10]

Micron Technology - Micron Technology has outperformed the market by approximately 143% year-to-date, with projected revenue for fiscal 2025 expected to jump by 49% to $37.4 billion and gross margins expanding to over 40% [1][2] - The company is a leader in high bandwidth memory (HBM), which is crucial for data center and AI buildouts, with all HBM capacity sold out for 2024 and 2025, and most of 2026 already committed [1][2] - The data center revenue reached about 56% of total company revenue with gross margins of 52%, and the cloud memory business unit revenue increased by 257% [2][3] - Valuation concerns exist, with a price to free cash flow ratio of 100, which may set high expectations for growth [1][3] Robinhood Markets - Robinhood has significantly outperformed the market by over 176%, with total earnings per share up by 259% for Q3 2025 and total platform assets increasing to $333 billion, a 119% year-over-year growth [5][7] - The company has diversified its offerings beyond stock trading to include crypto, prediction markets, and options, which has attracted a broader range of investors [5][8] - Despite its success, there are concerns about the sustainability of its growth, especially given its high valuation and dependence on market conditions, particularly in the crypto and stock markets [6][8] Newmont Corporation - Newmont Corporation has also outperformed the market by over 143%, benefiting from a realized gold price of $3,539 per ounce, a 41% year-over-year increase [11][12] - The company generated a record $1.6 billion in free cash flow in Q3 2025, marking the fourth consecutive quarter of free cash flow generation, and has been actively paying down debt and returning value to shareholders [11][12] - Newmont is positioned well due to its status as the world's largest gold miner and its involvement in copper mining, which is increasingly relevant for AI infrastructure [11][13]

Industry Overview - Semiconductor stocks have rallied significantly in 2025, with the iShares Semiconductor ETF (SOXX) increasing by 43% year to date despite market volatility caused by tariffs, inflation, high interest rates, and geopolitical issues [1] - The momentum is expected to continue into 2026, driven by rising investments in artificial intelligence (AI) and high-performance computing infrastructure, with global semiconductor sales projected to surge by 26.3% year over year to $975.4 billion [2] AI as a Growth Catalyst - AI is identified as the most important catalyst for semiconductor demand, with cloud service providers and enterprises increasing investments in AI training and inference workloads, leading to higher demand for GPUs, custom accelerators, memory, networking components, and power solutions [3] Investment Opportunities - Companies such as NVIDIA Corporation (NVDA), Micron Technology, Inc. (MU), and Amphenol Corporation (APH) are positioned to benefit from the anticipated spike in semiconductor demand in 2026 [4] - These companies have favorable growth metrics, with a Growth Score of A or B and a Zacks Rank of 1 (Strong Buy) or 2 (Buy), indicating solid investment opportunities [5] Micron Technology Insights - Micron Technology is emerging as a key beneficiary of the memory market recovery, with demand for DRAM and NAND tightening alongside a structural increase in memory content driven by AI workloads [6] - High-bandwidth memory (HBM) is a major growth driver for Micron, critical for AI accelerators, with demand outpacing supply, which supports profitability as volumes scale [7] - The company is also benefiting from improving demand in PCs, smartphones, and automotive applications, with revenue estimates indicating a year-over-year increase of 89.3% for fiscal 2026 and 22.8% for fiscal 2027 [8] Amphenol Corporation Insights - Amphenol is a major supplier of interconnect products essential for smartphones, laptops, and data center infrastructure, with recent acquisitions expanding its connectivity offerings [10] - The company is expected to benefit from rising AI data center buildouts and increasing automotive connectivity demand, with revenue estimates indicating a year-over-year increase of 49.4% for 2025 and 12.4% for 2026 [14] NVIDIA Corporation Insights - NVIDIA is the leader in high-performance GPUs, which are crucial for AI computing, with its products powering a range of applications from gaming to data centers [15] - The company is also expanding its market presence in automotive, robotics, and edge computing, increasing demand for advanced chips and software [16] - Revenue estimates for NVIDIA indicate a year-over-year increase of 62.4% for fiscal 2026 and 43.2% for fiscal 2027, with a Zacks Rank of 2 and a Growth Score of B [18]

Group 1: Advanced Micro Devices (AMD) - AMD is positioned for significant growth with the upcoming launch of its MI450 AI-specific GPU lineup, expected in the latter half of 2025, which will enhance its competitive stance against NVIDIA [2] - The MI450's rack-scale capability is crucial for meeting current business demands and unlocking GPU demand, potentially leading to a triple-digit revenue growth for AMD [3] Group 2: Micron Technology (MU) - Micron's fiscal year 2026 earnings release highlighted its strong performance, with substantial revenue and earnings outperformance, and record free cash flow [3][5] - Analysts have upgraded Micron's consensus sentiment to a Strong Buy, with price targets increasing by over 30%, indicating potential for new all-time highs [5] Group 3: Oracle Corporation (ORCL) - Oracle is establishing itself as a comprehensive AI provider, embedding AI across its services and focusing on chip neutrality to cater to diverse client needs [6] - The company's remaining performance obligation surged by over 400% in Q3 2025, signaling significant revenue growth as new data centers come online [7] Group 4: Salesforce (CRM) - Salesforce has shown signs of recovery with a hard bottom in stock performance, indicating potential acceleration in 2026 driven by its AI tools [8][10] - The company's Einstein AI engine and Agentforce platform are designed to enhance operational efficiency and data monetization for businesses [9] Group 5: Apple Inc. (AAPL) - Apple is viewed as an AI outlier, with strong core business performance and iPhone sales, although it has not yet made significant AI announcements [11] - Analysts have shown a steady trend of upgrades for Apple, with a potential 25% upside and expectations for new all-time highs [12]

Core Viewpoint - Micron Technology (MU) stock is identified as a bearish candidate due to being 96% above its 200-day moving average, suggesting a potential pullback from overbought levels [1] Bear Put Spread Strategy - A Bear Put spread is a bearish options strategy that profits from a rise in implied volatility, with limited maximum risk equal to the premium paid and capped maximum potential profit [2] - To establish a Bear Put spread, an out-of-the-money put is purchased while another further out-of-the-money put is sold [3] Specific Trade Example - The proposed trade involves buying a February 20th put with a strike price of $270 and selling a $240 put, trading at approximately $10.10, resulting in a total premium of $1,010 and a maximum profit of $1,990 [4] - This trade represents a potential return of 197.03% on risk if MU stock falls below $240 by the expiration date [4] Risk and Breakeven Analysis - If Micron stock closes above $270 at expiration, the total loss would be the full premium of $1,010 [5] - The breakeven point for the Bear Put spread is calculated at $259.90, derived from the strike price minus the option premium [6] Company Overview - Micron Technology, through its brands like Crucial and Ballistix, manufactures high-performance memory and storage technologies, including DRAM, NAND flash, NOR Flash, and 3D XPoint memory, utilized in various computing and mobile products [9] Technical Outlook - The Barchart Technical Opinion rating for Micron is a 100% Buy, indicating a strong short-term outlook for maintaining the current upward trend [7] - Long-term indicators also support the continuation of this trend [8]